Real Personal Consumption Expenditures and Personal Income by State
For the first time, the U.S Bureau of Economic Analysis released official statistics of real state personal consumption expenditures (Real PCE) by state. According to the report, across the nation Real PCE decreased 3.8% in 2020. Note; Real state PCE is a state’s current-dollar PCE adjusted by the state’s regional price parity and the national PCE price index. Indeed…The chart for 2021 should be interesting when it comes out.
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